$CIGI

4 stories mentioning CIGIUpdated 8d ago

Every FINWIRES story that references CIGI, newest first.

Colliers International on Track for Mid-Teen Earnings Growth, RBC Says

Colliers International (CIGI) is on track for mid-teen earnings growth, with possible upside from stronger leasing and capital markets activity, better investment management margins, cross-selling, and potential share buybacks as debt falls, RBC Capital Markets said in a note emailed Friday.All three business segments showed solid momentum in Q2, supporting the company's growth outlook for commercial real estate, investment management and engineering, RBC said, adding that it sees room for stronger results in leasing and capital markets, while investment management performance will depend on fundraising timing and new investment strategies.The firm expects investment management margins to improve more meaningfully in 2027 as integration work and fundraising efforts begin to have a larger impact, and also sees long-term upside from selling more services across Colliers' three business areas, though it said clearer financial results will be needed to ease investor concerns about the strategy.Colliers could begin buying back shares as leverage falls in H2, while acquisitions are also expected to remain a priority, according to the note.RBC maintained the company's outperform rating and $155 price target.Price: $98.58, Change: $-0.80, Percent Change: -0.80%

$CIGI

Wire95d ago

Colliers' Guidance Relies on Strong H2, RBC Says

Colliers International Group (CIGI) kept its 2026 guidance that relies on a strong H2 after the company delivered a strong top-line but "wobbly" bottom-line in Q1, RBC said in a note Tuesday.The report pointed to sector leading growth in capital markets and leasing revenue in the quarter on market share gains in the US and also on strength in industrial leasing.However, this did not flow through entirely to adjusted EBITDA and adjusted EPS due partly to recruiting and IT investments, and slower outsourcing growth, the note said."That said, we continue to believe that for patient investors, CIGI offers good value even under our more conservative 2026 estimates," the report said.RBC kept its outperform rating while lowering its price target to $155 from $160.Price: $100.56, Change: $+3.56, Percent Change: +3.67%

$CIGI

Mining & Metals95d ago

RBC Lowers Colliers International Group's Price Target to US$155.00 From US$160.00, Maintains Outperform Rating

RBC Capital Markets maintained its outperform rating on the shares of Colliers International Group (CIGI.TO, CIGI) and lowered its price target to US$155.00 from US$160.00 after the company reported its first-quarter financial results.RBC characterized Q1 as "top-line strong but bottom-line wobbly.""Overall AEBITDA margin declined 67 bps to 9.5%, caused by: 1) CIGI has been investing in recruiting and IT investments to enable AI efficiencies within CRE, 2) Outsourcing had slower growth, 3) Lower utilization in residential development and telecom end markets in Engineering, 4) Higher than expected tax rate in Europe, 5) Integration under Harrison Street platform in IM, which has been well articulated in the past," stated RBC.While 2026 guidance was maintained, it relies on a strong H2, said RBC. CM and leasing appear on track to deliver "strong revenue growth", 25% expected for CM and 8% for leasing in 2026, which RBC expects to more fully flow through to EBITDA in H2, as it did last year. Europe and APAC "could be slowing somewhat" from the Iran war but NA "remains strong notwithstanding rate rise," it further stated."Given macro uncertainties and lingering AI impact overhang where one is 'guilty until proven innocent', CIGI's price action today suggests that the market has no patience for wobbly quarters nor backend-loaded guidance," said RBC in a note dated May 5, 2026.RBC continues to believe that for "patient investors", CIGI offers "good value" even under RBC's "more conservative" 2026 estimates at 13x AEPS and 10.5x AEBITDA."Our new PT of (US)$155 (-3%) is based on forward AEBITDA multiple of 12.5x, reflecting 11x for CRE, 12x for Engineering and 15x for IM. Maintain OP," added RBC.Price: $137.23, Change: $+5.09, Percent Change: +3.85%

$CIGI$CIGI.TO

Mining & Metals102d ago

Stifel Canada Previews Colliers International's Q1 Results

Stifel Canada is expecting Colliers International's (CIGI.TO, CIGI) first-quarter revenue to increase 10% to US$1.255 billion.Analyst Daryl Young, who is maintaining a buy rating and US$175.00 price target on the shares, is expecting adjusted EBITDA of US$120.2 million (consensus: US$122.1 million) at 9.6% margins (down 60bps y/y). The lower margins reflect investment management (IM) platform integration costs, he says.Young believes the broader fundraising market remains sluggish amid unease related to the Middle East conflict, interest rate volatility, and slower monetization activity. "To be clear, CIGI's IM platform operates in more niche segments of the private markets and has limited direct exposure to current private market challenges, but we think the broader sentiment may be an overhang to fundraising."The company reports its quarterly earnings after market close on May 5.Price: $143.86, Change: $-7.60, Percent Change: -5.02%

$CIGI$CIGI.TO

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